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MEETING OF THE BOARD OF DIRECTORS OF THE AUSTIN HOUSING FINANCE CORPORATION, UH, ON UH, AUGUST 28TH, UH, 2025 AT 11:19 AM WE HAVE A QUORUM OF THE BOARD OF DIRECTORS OF THE AUSTIN HOUSING FINANCE CORPORATION.WE ARE MEETING IN CITY HALL AND THE CITY COUNCIL CHAMBERS AT 3 0 1 WEST SECOND STREET IN AUSTIN, TEXAS.
AND I WILL RECOGNIZE, UH, MS. DE MAYO.
[Consent]
MANDY DE AUSTIN HOUSING FINANCE CORPORATION.I HAVE FOUR ITEMS ON TODAY'S AGENDA.
THE FIRST ITEM IS APPROVING THE LAST FOUR MEETING MINUTES FOR MAY 8TH, MAY 22ND, JUNE 5TH, AND JULY 24TH.
THE SECOND ITEM IS RELATED TO THE FOURTH ITEM.
UH, THE SECOND ITEM IS APPROVING, AH, HFCS OWNERSHIP AND LAND AT 59 0 1 SOUTH PLEASANT VALLEY ROAD.
THIS IS FOR THE DEVELOPMENT TO BE KNOWN AS SYCAMORES AT PLEASANT VALLEY.
IT IS 75 UNITS OF AFFORDABLE HOUSING, AND ALL OF THE UNITS WILL BE RESTRICTED TO 40% AND 50% MEDIAN FAMILY INCOME.
UH, THE THIRD ITEM IS AUTHORIZING, UM, OUR STAFF TO MOVE FORWARD WITH A CONTRACT WITH THE HOUSING AUTHORITY OF THE CITY OF AUSTIN TO ADMINISTER THE TENANT BASED RENTAL ASSISTANCE PROGRAM.
IT'S APPROXIMATELY $1.4 MILLION A YEAR UTILIZING OUR FEDERAL HOME FUNDS.
AND THEN THE FOURTH ITEM IS A PUBLIC HEARING, UH, RELATED TO THE ISSUANCE OF $25 MILLION IN MULTIFAMILY REVENUE BONDS FOR THE SYCAMORES AT PLEASANT VALLEY DEVELOPMENT.
UH, ANY QUESTIONS OF STAFF? ALRIGHT, WHAT I'M GONNA DO IS TURN TO THE CLERK AND SEE IF ANYONE HAS SIGNED UP ON ITEMS ONE THROUGH THREE.
FIRST, WE HAVE NO H-F-H-F-C SPEAKERS, PERIOD.
WELL, I'M GONNA GO AHEAD AND OPEN THE PUBLIC HEARING ON ITEM NUMBER FOUR.
UNLESS THERE'S OBJECTION WITHOUT OBJECTION, WE'LL OPEN THE PUBLIC HEARING ON ITEM NUMBER FOUR.
THE PUBLIC HEARING IS NOW OPEN, AND FOR THE RECORD, I'LL ASK YOU THAT QUESTION WITH REGARD TO ITEM NUMBER FOUR.
THERE HAVE BEEN MEMBERS, THERE ARE NO SPEAKERS TO SPEAKER IN THE PUBLIC HEARING ON ITEM NUMBER FOUR.
SO WITHOUT OBJECTION, WE'LL CLOSE THE PUBLIC HEARING AND THE PUBLIC HEARING IS NOW CLOSED.
UH, YOU'VE HEARD THE PRESENTATION AND WE HAVE OPENED AND CLOSED THE PUBLIC HEARING ON ITEM NUMBER FOUR.
IS THERE A MOTION TO ADOPT THE CONSENT AGENDA? COUNCIL MEMBER SIEGEL MOVES TO ADOPT THE CONSENT AGENDA.
IS THERE A SECOND? SECOND BY COUNCIL MEMBER LANE? UH, ANY DISCUSSION WITH REGARD TO THE CONSENT AGENDA? HEARING NONE WITHOUT OBJECTION.
THE CONSENT AGENDA IS ADOPTED, AND THOSE ARE ITEMS, ONE FOR THE RECORD.
ITEMS ONE THROUGH FOUR MEMBERS.
THERE BEING NO FURTHER BUSINESS TO COME BEFORE THE AUSTIN HOUSING FINANCE CORPORATION BOARD OF DIRECTORS.
AT THIS MEETING OF THE BOARD OF DIRECTORS, WITHOUT OBJECTION, WE WILL ADJOURN THE MEETING.
THANK YOU OF, OF THE A HFC BOARD OF DIRECTORS AT 11:22 AM.